Soybean bulls are placing again on some good points on Friday, with contracts up 8 to 12 cents to date. The cmdtyView nationwide common Money Bean value is up 8 1/4 cents at $9.88 1/2. Soymeal futures are recovering greater on Friday, with July up 50 cents. Soy Oil are down a single level within the entrance month on Friday
The forecast is a little bit spottier this subsequent week with the central Corn Belt looing at 1-2 inces in IA/MN/MO, with southern components of the ECB seeing as much as an inch.
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USDA reported a personal export sale of 119,746 MT of soybeans to Mexico for 2025/26.
USDA will launch their Grain Shares report on Monday, with merchants surveyed by Bloomberg searching for 974 mbu of soybean shares on June 1, with a spread of 936 mbu to 1.022 bbu. That survey additionally confirmed an estimated 83.5 million soybean acres.
Export commitments of soybeans are 49.474 MMT, as of June 19, which is 98% of the USDA projection, down from the 5-year common of 102%.
StatsCanada estimates the Canadian canola acreage at 21.457 million acres, down 2.5% from final years. Soybean acres are seen up 0.5% to five.737 million acres.
Jul 25 Soybeans  are at $10.31, up 8 1/4 cents,
Close by Money  is at $9.88 1/2, up 8 1/4 cents,
Aug 25 Soybeans  are at $10.36 1/2, up 8 3/4 cents,
Nov 25 Soybeans  are at $10.28, up 11 1/2 cents,
New Crop Money  is at $9.76, up 11 cents,
On the date of publication,
Austin Schroeder
didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All data and information on this article is solely for informational functions.
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